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Dear Colleagues, Customers and Friends,
We have received a few inquiries regarding Hertz Global Holdings’ recent announcement about its financial outlook. We want to make clear that we are two separate and independent public companies.
Since the spin-off in 2016, Herc Holdings Inc., an equipment rental business operating through its Herc Rentals Inc. subsidiary, has been operationally and administratively independent of Hertz. Our companies are governed by different boards of directors and we each operate in different sectors and serve different customers.
Herc Holdings Inc. recently reported first quarter results ending March 31, 2020 and provided an update regarding the impact of the COVID-19 pandemic on operations. Our financial position and balance sheet are strong, and our debt is rated B1 by Moody’s and B+ by S&P. We have ample liquidity of $1.1 billion, and our net debt totaled $2.1 billion with a net leverage ratio of 2.7x.
We are well-financed, we have ample liquidity, and we have the fleet available. We are committed to serving the equipment needs of our customers and our communities safely, efficiently and effectively.
Should you have any questions about our services or equipment for rent, please contact your customer sales representative or call 800-654-6659.
President and Chief Executive Officer
Has a pipeline, gas cylinder, boiler or fuel tank sprung a leak? Find the source by performing a hydrostatic test. Hydrostatic test pumps, also known as Hydraulic test pumps, are used to fill a tank/chamber/vessel with a liquid dye to determine if there is a leak – and if so, where that leak is located. With gas or electric models available and psi ranging from 500 to 10,000, these test pumps are versatile, efficient and offer an exceptionally smooth and quiet operation.
Features and applications include:
- Handles up to 10% chlorine solution
- Ability to run dry without damage
- Rugged roll cage construction
- Adjustable pressure regulator
- Ideal for testing water lines up to 24-inches in diameter
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|MAKE||MODEL||MAXIMUM PSI||GPM||POWER||INLET||OUTLET||DIMENSIONS (LWH)||WEIGHT||CAT-CLASS|
|Rice||EL1A||500 PSI||3 gpm||1 hp Electric Motor, TEFC, 110||3/4"||1/2"||22" x 14" x 14"||76 lbs||125-1210|
|Rice||DPH-3B||550 PSI||11 gpm||6.5 hp Honda Gas||1" hosebarb||1/2"||25" x 21" x 17"||91 lbs||125-1240|
|Rice||hp10-B||10,000 PSI||80 cu in||Compressed air 100 PSI||26" x 25" x 43"||155 lbs||125-1300|